Increased debt stress can result in social unrest and serious political repercussions. The recent debt-related fall-out in India captured international headlines and highlighted the extent to which debt stress can serve as a political rallying point. It led, for instance, to political support for repayment boycotts and to extreme regulatory interventions by one state government, and it undermined micro lenders' support from governments, donors, and...
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2013/02/01
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Brief
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76207
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1
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1
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2014/05/01
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Disclosed
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Regulatory options to curb debt stress
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Citation
Davel,Gabriel Pieter.
Regulatory options to curb debt stress (Arabic). CGAP focus note ; no. 83 Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/690721468339653564